Located in the production license 229 in the Barents Sea north of Russia and Norway, the Goliat oil field has the capacity to produce up to 100,000 barrels of oil a day.
Developed through a floating cylindrical production and storage vessel (FPSO), the Goliat field is estimate to contain hydrocarbon reserves of about 180 million barrels of oil.
The Goliat FPSO can store nearly a million barrels of oil which will then be transferred to shore through tankers at a later stage.
The firm has completed 17 production wells of the planned 22 wells, which include 12 oil producers, seven water injectors and three gas injectors.
Goliat has implemented new technological solutions to lessen the impact on the environment and will receive power from shore with the help of subsea power cables.
Eni operates the production license 229 with 65% stake, while Statoil owns the remaining 35%.
In September 2015, the Norwegian Petroleum Directorate granted consent to for the start-up of Goliat oil field facilities and production.
The production plan, however, was by Eni in December 2015 due to delay completing testing of electronic systems although it has completed subsea facilities installation and connected wells to the floating platform.
Image: Illustration of the Goliat oil field located in the Barents Sea off Norway. Photo: courtesy of Norwegian Petroleum Directorate.
